Savills chief executive Jeremy Helsby’s remuneration has risen 7.5% to £1.3m as the agent’s bonus pool shrank by 9% in 2011. In 2010, it paid out £122.3m in profit share and commissions, but this shrank to £111.1m in 2011, according to its annual report.
The total salary bill rose 12% to £288m, as headcount rose from 21,588 to 23,555 worldwide. UK staff numbers increased 3.5% to 3,334, with the UK salary bill up 5.6%.
Like other former members of Savills’ now-closed pension plan, who no longer accrue final salary benefits, Helsby saw his base salary increase.
His rose 7.1% to £225,000. Helsby’s cash profit share for the year to 31 December 2011 was £823,360, with £168,640 deferred. The remuneration of Simon Shaw, group chief financial officer, fell by 8% to £891,390.
